WINSTON-SALEM REGIONAL ASSOCIATION OF REALTORS INC

EIN: 560841677

WINSTONSALEM, NC

Total Revenue
$1,513,349
Total Expenses
$1,427,301
Total Assets
$5,720,635
Net Assets
$4,263,565
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1928
Legal Domicile
NC
Principal Officer
SAMUEL AUBREY
Phone
3367685560
Tax Period
2023-01-01 to 2023-12-31

WINSTON-SALEM REGIONAL ASSOCIATION OF REALTORS INC, founded in 1928, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.4M left a modest 6% surplus.

Mission

TO BE THE LEADING RESOURCE FOR REAL ESTATE PROFESSIONALS, TO ADVOCATE FOR PRIVATE PROPERTY RIGHTS AND TO BE AN INTEGRAL PART OF THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $852,615 Revenue: $657,638

WINSTON-SALEM REGIONAL ASSOCIATION OF REALTORS, INC. SERVES TO UNITE THE REAL ESTATE PROFESSION IN THE COMMUNITY OF WINSTON-SALEM AND THE COUNTIES OF FORSYTH, STOKES, YADKIN, NORTHERN DAVIDSON, AND...

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WINSTON-SALEM REGIONAL ASSOCIATION OF REALTORS, INC. SERVES TO UNITE THE REAL ESTATE PROFESSION IN THE COMMUNITY OF WINSTON-SALEM AND THE COUNTIES OF FORSYTH, STOKES, YADKIN, NORTHERN DAVIDSON, AND DAVIE AND TO EXERT A BENEFICIAL INFLUENCE UPON THE PROFESSION AND ITS RELATED INTERESTS: PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT IN THE REAL ESTATE PROFESSION; TO PROVIDE A UNIFORM MEDIUM FOR REAL ESTATE OWNERS AND THOSE ENGAGED IN THE REAL ESTATE PROFESSION WHEREBY THEIR INTEREST MAY BE SAFEGUARDED AND ADVANCED. TO FURTHER THE INTEREST OF HOME AND OTHER REAL PROPERTY OWNERSHIP. TO DESIGNATE FOR THE BENEFIT OF THE PUBLIC, THOSE INDIVIDUALS AUTHORIZED TO USE THE TERM REALTOR.

Program 2
Expenses: $39,261 Revenue: $19,240

WINSTON-SALEM REGIONAL REALTORS & COMMERCIAL ALLIANCE (RCA) SERVES TO UNITE MEMBERS WHO ARE ENGAGED IN THE BUYING, SELLING, LEASING, AND APPRAISING OF COMMERCIAL, INDUSTRIAL AND INVESTMENT REAL...

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WINSTON-SALEM REGIONAL REALTORS & COMMERCIAL ALLIANCE (RCA) SERVES TO UNITE MEMBERS WHO ARE ENGAGED IN THE BUYING, SELLING, LEASING, AND APPRAISING OF COMMERCIAL, INDUSTRIAL AND INVESTMENT REAL ESTATE FOR THE PURPOSE OF EXERTING A BENEFICIAL INFLUENCE UPON MATTERS AFFECTING THE BUYING, SELLING AND LEASING OF COMMERCIAL/INDUSTRIAL REAL ESTATE. THE RCA SERVES TO PROVIDE MEETINGS IN WHICH MEMBERS WILL HAVE THE OPPORTUNITY OF EXCHANGING VIEWS, INFORMATION AND GENERAL KNOWLEDGE.

Program 3
Expenses: $7,823 Revenue: $17,730

WINSTON-SALEM REGIONAL MULTIPLE LISTING SERVICE PROVIDES PARTICIPANTS WITH A MEANS OF MAKING BLANKET UNILATERAL OFFERS OF COMPENSATION TO OTHER PARTICIPANTS; BY WHICH COOPERATION AMONG PARTICIPANTS...

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WINSTON-SALEM REGIONAL MULTIPLE LISTING SERVICE PROVIDES PARTICIPANTS WITH A MEANS OF MAKING BLANKET UNILATERAL OFFERS OF COMPENSATION TO OTHER PARTICIPANTS; BY WHICH COOPERATION AMONG PARTICIPANTS IS ENHANCED; BY WHICH INFORMATION IS ACCUMULATED AND DISSEMINATED TO ENABLE AUTHORIZED PARTICIPANTS TO PREPARE APPRAISALS, ANALYSIS, AND OTHER VALUATIONS OF REAL PROPERTY FOR BONAFIDE CLIENTS AND CUSTOMERS; BY WHICH PARTICIPANTS ENGAGING IN REAL ESTATE APPRAISALS CONTRIBUTE TO COMMON DATABASES, AND IS A FACILITY FOR THE ORDERLY CORRELATION AND DISSEMINATION OF LISTING INFORMATION SO PARTICIPANTS MAY BETTER SERVE THEIR CLIENTS AND THE PUBLIC. ENTITLEMENT TO COMPENSATION IS DETERMINED BY THE COOPERATING BROKER'S PERFORMANCE AS PROCURING CAUSE OF THE SALE (OR LEASE).

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $28,151
Program Service Revenue $700,189
Investment Income $26,662
Other Revenue $758,347
TOTAL REVENUE $1,513,349

Expense Breakdown

Grants Paid $0
Salaries & Benefits $625,174
Fundraising Expenses $0
Program Expenses $901,942
Other Expenses $802,127
TOTAL EXPENSES $1,427,301

Year-over-Year Comparison

2023 2022 Change
Revenue $1,513,349 $1,498,613 +0.0%
Expenses $1,427,301 $1,038,198 +0.4%
Net Income $86,048 $460,415 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
7
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$171,076
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAMUEL AUBREY EXECUTIVE DI 40.00
Officer
$151,326 $19,750 $171,076
WILLIAM BARTHOLOMEW RCA CHAIRMAN 1.00
Officer Director
$0 $0 $0
ZACHARY BRADLEY DIRECTOR 1.00
Director
$0 $0 $0
BROOKE CASHION DIRECTOR 1.00
Director
$0 $0 $0
LEIGH CHASE LEXINGTON CH 1.00
Director
$0 $0 $0
JOHN-LEWIS GODFREY IMMED PAST P 1.00
Officer Director
$0 $0 $0
KARIN HEAD DIRECTOR 1.00
Director
$0 $0 $0
TERRY HEDRICK MLS COMMITTE 1.00
Director
$0 $0 $0
LINDA MOORE WILKES CHAPT 1.00
Director
$0 $0 $0
JASON MORRIS SECRETARY/TR 1.00
Officer Director
$0 $0 $0
PAUL MCGILL DIRECTOR 1.00
Director
$0 $0 $0
JACKSON OGBURN DIRECTOR 1.00
Director
$0 $0 $0
CATHERINE ROBERTSON PRESIDENT 1.00
Officer Director
$0 $0 $0
ALISON SINK DIRECTOR 1.00
Director
$0 $0 $0
CALLIE STONE WILKES CHAPT 1.00
Director
$0 $0 $0
JERRELL SUDDRETH DIRECTOR 1.00
Director
$0 $0 $0
CASSIE TAYLOR PMD PRESIDEN 1.00
Director
$0 $0 $0
WILLIAM VARNER LEXINGTON CH 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,513,349 $1,427,301 $5,720,635 $86,048
2022 $1,498,613 $1,038,198 $4,777,179 $460,415
2021 $1,523,608 $999,402 $4,373,066 $524,206
2020 $1,291,949 $900,911 $3,751,359 $391,038
2019 $1,289,364 $931,694 $3,228,064 $357,670
2018 $1,119,966 $895,604 $2,723,574 $224,362
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